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Half-year Results

3rd Dec 2024 07:00

RNS Number : 5081O
Celebrus Technologies PLC
03 December 2024
 

03 December 2024

 

Celebrus Technologies plc

 

Half-year results for the six months to 30 September 2024

 

Celebrus Technologies plc (AIM: CLBS, "the Group", "Celebrus"), the AIM-listed data solutions provider, announces its half year results for the six months to 30 September 2024 ("H1 FY25" or the "Period").

On 9 July 2024 the Group announced that from the beginning of the current financial year it would be changing the currency in which it presents its financial results from UK pounds sterling ("Sterling") to US dollars ("Dollars"). Accordingly, the reported results for the six months ended 30 September 2024 and comparatives are shown in Dollars.

 

Financial highlights

 · Annual recurring revenue ("ARR") increased to $26.2m (H1 FY24: $21.3m, FY24: $25.5m)*

· Total Revenue of $17.2m (H1 FY24: $16.2m, FY24: $40.9m)

· Software Revenue (excluding third-party hardware) up 22.6% to $11.2m (H1 FY24: $9.1m, FY24: $27.7m)

· Gross profit margin of 48.0% (H1 FY24: 37.0%, FY24: 52.9%) due to a lower proportion of low margin third-party hardware compared to the prior period

· Adjusted profit before tax** of $1.0m (H1 FY24: $0.1m, FY24: $7.6 m), and statutory profit before tax of $0.3m (H1 FY24: $0.2m, FY24: $7.0m)

· Adjusted diluted EPS of 2.55 cents (H1 FY24: 0.40 cents, FY24: 13.76 cents) and diluted basic EPS of 0.61 cents (H1 FY24: 0.47 cents, FY24: 12.27 cents)

· Cash position of $25.9m (H1 FY24: $17.9m: FY24: $38.8m) with no debt

· Interim dividend of 0.95p per share, up 3.3% (H1 FY24: 0.92p)

 

Operational highlights

· Key wins both during and after the Period include a healthy mix of new logos and upsells of existing customers, which included a large global airline, a UK energy company, a US financial institution, an existing European retail customer, a bank in Poland, and an expansion within a healthcare customer in the US.

· We continue to innovate the Celebrus platform, which now includes significant enhancements to PII protection, the launch of a self-service analytics platform, and cross-device continuance as a patent extension to our existing digital identity capabilities.

· We continue to innovate our marketing approach and have launched several new campaigns for both awareness and lead generation. We are moving towards more focused Account Based Marketing campaigns for the next financial year.

· We continue to invest in ensuring our security certifications and processes are consistently enhanced year on year.

· Celebrus Cloud, our single-tenant private cloud offering, continues to be prominent in our key wins and pipeline.

· We have migrated away from multiple datacenters to a single site as part of our transformation to being a cloud business. The new infrastructure includes several enhancements to how we onboard and support our customers.

 

Outlook

After some slowing down of customer decision making in the past couple of months reflecting the uncertain global geopolitical situation, we are seeing more positive movement in recent weeks. Year to date progress on growing the pipeline and the high visibility of opportunities expected to close in the second half underpin the Board's confidence in achieving full year expectations*** and continuing to drive the ongoing growth in ARR.

Bill Bruno, CEO of Celebrus, commented:

"We are grateful for the team's efforts in the first half of this fiscal year to set our organization up for success both this year and in future years. We have been on quite a journey as a business over the past few years, and it has been energizing to see the fruits of that labor starting to be realized across the business and with our customers. We continue to focus on how best to deliver value for our customers, while ensuring that our Sales, Delivery, and Customer Success teams are in lockstep across our key accounts. We have also continued to explore potential acquisition targets to enhance the Celebrus platform while continuing to invest in our organic growth initiatives."

 

* ARR (Annual Recurring Revenue) is the amount of revenue at a point in time that is expected to recur within the next twelve months.

** Adjusted profit before tax and EPS are calculated before amortisation of intangibles, one-off restructuring costs, foreign exchange gains/(losses) and share based payment charges.

 ***For the purpose of this announcement, the Group believes market consensus for FY25 to be revenue of £34.8m ($44.2 m), and adjusted profit before tax of £6.4m ($8.1 m).

 

Inside Information: This announcement contains inside information for the purposes of article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.

 

Enquiries

 

Celebrus Technologies plc

Bill Bruno, Chief Executive Officer

Ash Mehta, Chief Financial Officer

 

 

 

+44 (0) 1932 893333

[email protected]

Cavendish (Nominated Adviser & Joint Broker)

Julian Blunt / Edward Whiley / Elysia Bough, Corporate Finance

Tim Redfern, Corporate Broking

 

+44 (0) 20 7220 0500

Canaccord Genuity (Joint Broker)

Simon Bridges / Andrew Potts

 

+44 (0) 20 7523 8000

About Celebrus Technologies plc

As a disruptive data technology platform, Celebrus is focused on improving the relationships between brands and consumers via better data. Celebrus redefines what digital identity verification means to power both next-level marketing and fraud prevention use cases. Deployed across 30+ countries throughout the financial services, healthcare, retail, travel, and telecommunications sectors, Celebrus automatically captures, contextualizes, and activates consumer behavioral data in live-time across all digital channels. Through the addition of behavioral biometrics and AI, Celebrus empowers brands to detect and prevent fraud before it occurs. To ensure that brands can begin to improve those relationships quickly, Celebrus Cloud activates the Celebrus platform efficiently for brands in a single-tenant, private cloud capacity.

The Group has offices in the UK, USA, and India with key talent in all markets to drive the growth of the business. Celebrus is fully compliant with all major data privacy regulations and the Group is accredited to ISO27001: Information Security Management. For more information, please see www.celebrus.com .

 

Operational review

Our Values

As a business, we focus on four key values in how we operate both internally and externally. These values form the basis by which we evaluate each tactic in our business planning for each financial year.

· Integrity

We are honest and straightforward, and we do our best to communicate clearly and effectively. We don't use vendor terminology to confuse customers, and we trust each other to deliver on our goals. When we make promises, or set goals, internally or externally, we deliver upon them and hold ourselves accountable. We respect each other and work together to achieve the common goals of the business.

· Customer-First Mentality

We put the customer first and go the extra mile for them. We live our mission to improve the relationships between brands and consumers via better data and we do that with our people, our technology, and our services. We aim to simplify their lives and deliver value.

· Innovation

We do not rest, because complacency in the software space signals failure. But it's not just about our technology. It's about innovating everything we do, always questioning our processes and how we work, and looking for ways to improve in every facet of our business.

· Simplicity

We use simple and effective communication. Arranging purpose-driven meetings, providing explanations to customers that are easy to comprehend, placing messaging in the marketplace that anyone can understand, and focusing on being efficient in our actions. 

Strategy

The mission for our business is to improve the relationships between brands and consumers via better data. Better data, from our perspective, is compliant, complete, timely, and usable in real-time. We have continued to innovate and build solutions for some of the most difficult challenges that organizations face today in digital. This has included enhancements to our digital identity capabilities, the further rollout of more analytics options for brands, and furthered PII protection to name a few.

We explain the Celebrus platform by likening it to a smartphone. The platform supports many capabilities and use cases, but what we sell to customers are applications that sit on top of the platform. Use cases range from marketing to customer experience (CX) to fraud, and this allows us to continue to focus on the "land and expand" approach to sales. What this creates is two funnels for the business: a sales funnel and an upsell funnel, which are managed by Sales and Customer Success respectively. We have continued to sell across many verticals and have established key wins over the past couple of years in financial services, travel and hospitality, retail, healthcare (US), and telecommunications. These wins have come from both our direct sales staff as well as partner-influenced opportunities.

We are continuing to evaluate potential acquisition targets as mentioned in our interim results this time last year. This discovery process is framed by a profile agreed at the Board level. While nothing is imminent at this time, our clear goal is to find proven technology that can be bolted on to the Celebrus platform providing us with an immediate ability to cross-sell to our customer base by way of a value-driven integration working similarly to our engagement with technology partners over the years. We will continue to innovate our platform regardless of the results of this search, but we believe it is prudent to continue reviewing options.

In the market, we have several "tailwinds" such as the rapidly declining digital identity capabilities of our competitors, browser changes and regulations, increased privacy awareness around the globe, and general frustration with tagging-based solutions and analytics platforms based on poor data structures. Our largest "headwind" tends to be organizations that have a fear of change and choose to remain with the status quo despite the acknowledgment that their data is not fit for purpose.

Contract wins

ARR increased to $26.2m (H1 FY24: $21.3m; FY24: $25.5m).

Key wins both during and after the Period include a healthy mix of new logos and upsells of existing customers, which included a large global airline, a UK energy company, a financial institution in the US, an existing European retail customer, a bank in Poland, and an expansion within a healthcare customer in the US.

We have evolved our usage of Hubspot further for both CRM and marketing automation, and we have combined that with our recent expansion of Celebrus Analytics' capabilities to ensure we are consistently measuring our pipeline, the impact of our marketing and sales investments, and the success of our outreach in our business development team. This continues to give us strong data to evaluate our pipeline and to continue to innovate our approach and improve our ability to close deals effectively and find new opportunities.

Partnerships

Our approach to partnerships continues to evolve over time. During the Period, we have furthered our engagement with several solution integrator partners and have developed new offerings with a few of our longer-standing consulting partners. This is critical to ensuring our ability to scale and leverage the business consulting expertise in these partner organizations to help guide our customers in their ability to gain more value from Celebrus.

We have also continued to extend and grow our technology partnerships, which are largely now focused on the sharing of joint customers and a value story from those customers to drive our messaging and joint-value proposition in the market. Some examples of this include our newer partnerships with Braze, Optimizely, and others, as well as our long-standing technology partners including Pegasystems and Teradata.

People

We are very fortunate to have our global team continually driving our business forward and working to ensure that we are always customer-first in our thinking and actions. We have seen great results from much of the restructuring completed in the prior financial year which has streamlined decisions, innovation, and created the opportunity for more accountability across the business.

We have rolled out an internal training platform to ensure our people have access to training for topics and skills required to add more value to our customers, and we will continue to focus on professional and personal development in the coming years. This has also included the launch of an apprenticeship program.

We have worked as a Management Team to put even more effort into our culture and bring people together from our various teams in meaningful ways, especially as we have continued to support hybrid working. This also includes finding ways to celebrate key wins within the business and with our customers to recognize the great efforts being put in by our people.

Current Trading & Outlook

After some slowing down of customer decisions in the past couple of months, which we believe was largely attributed to the uncertain global geopolitical situation, we are seeing more positive progress in our pipeline in recent weeks. Year to date progress on growing the pipeline and the high visibility of opportunities expected to close in the second half underpin the Board's confidence in achieving full year expectations and our target of continuing to drive the ongoing growth in ARR.

 

Financial review

 

Revenue and Gross Margin 

Total revenue for the Period was $17.2m (H1 FY24: $16.2 m) with a gross profit of $8.3m (H1 FY24: $6.0 m). License revenue increased to $3.8m (H1 FY24: $3.1 m), with total Software revenue (Revenue excluding third party hardware) up 22.6% to $11.2m (H1 FY24: $9.1 m) reflecting the impact of new logo wins and customer upsell in the Period. The gross margin on Software revenue was 66.3% (H1 FY24: 56.2%).

 

Annual Recurring Revenue

Annual recurring revenue increased during the Period to $26.2m (H1 FY24: $21.3 m, FY24: $25.5 m). The Board is confident of further growth in ARR in the second half as a result of the signing of new contracts either already signed in the second half or currently under negotiation.

 

Administration expenses and Profit before Tax

Administration expenses increased to $8.7m (H1 FY24: $6.2 m). Excluding items such as net foreign exchange differences and share-based payments, Operating expenses were $7.9m (H1 FY24: $6.2 m). The increased expense reflects further ongoing investment into customer-facing roles in the first half of FY25, as well as increased marketing activity.

Profit before tax was $0.3m (H1 FY24: $0.1m), and the Adjusted Profit before tax was $1.0m (H1 FY24: $0.1 m). The adjustments include a share-based payment charge of $0.6m (H1 FY24: $0.4 m).

 

Interest income

The Group continues to have a strong focus on maximizing interest income from cash holdings and in the Period earned interest income of $0.7m (H1 FY24: $0.4 m).

 

Balance Sheet

Property, plant and equipment of $2.0m reflects the IFRS16 lifetime value of property leases entered into in the UK and India during FY24 for new office space, along with the cost of leasehold improvements to those offices.

Trade debtors and other receivables (current) were $6.4m (H1 FY24: $21.2 m; FY24: $11.0 m) with good billing and collection in the Period, and no bad debts. The decrease in trade debtors reflects in part the timing of sales of third party hardware during the Period.

 

Cash balance and cash flows 

Net cash from operating activities was an outflow of $11.0m (H1 FY24: $2.0 m) due to the high level of creditors for customer-related hardware purchases at the start of the Period. Net cash used in financing activities was $1.4m (H1 FY24: $1.3 m) with the majority comprised of the final dividend payment for the prior year. The total decrease in cash and cash equivalents was $12.2m resulting in a closing cash balance of $25.9m (H1 FY24: $17.9 m; FY24: $38.8 m), the bulk of which is now held as Dollars. The Group remains debt-free.

 

Dividend

The Board continually monitors the balance between delivering on a progressive dividend policy whilst at the same time balancing investment in the business for future growth, both organic and by acquisition.

 

During the Period, the Group paid a final dividend of 2.23p per share. For this current half year, the Board is pleased to declare an interim dividend of 0.95p per share, a 3.2% increase over the comparative period last year. The interim dividend will be paid on 17 January 2025 to shareholders on the Register as at 13 December 2024. The shares will become ex-dividend on 12 December 2024.

Consolidated income statement for the period ended 30 September 2024 (unaudited)

Six months ended30 September

Year ended 31 March

 

2024

2023

2024

 

Note

$'000

$'000

$'000

 

Continuing operations

 

 

Revenue

3

17,219

16,164

40,886

 

Cost of sales

 

(8,959)

(10,180)

(19,266)

 

Gross Profit

 

8,260

5,984

21,620

 

Administration expenses

4

(8,668)

(6,196)

(15,396)

 

(Loss) / profit from operations

(408)

(212)

6,224

 

 

Finance income

692

394

763

 

Finance costs

 

(34)

(10)

(22)

 

Profit before tax

5

250

172

6,965

 

Tax

 

-

19

(1,947)

 

Attributable to equity holders of the parent

250

191

5,018

 

 

Earnings per share from continuing operations attributable to the equity holders of the parent

 

Basic

6

0.63 cents

0.48 cents

12.61 cents

 

Diluted

6

0.61 cents

0.47 cents

12.27 cents

 

 

 

Consolidated statement of comprehensive income for the period ended 30 September 2024 (unaudited)

Six months ended30 September

Year ended 31 March

2024

2023

2024

 

$'000

$'000

$'000

Attributable to equity holders of the parent

 

250

191

5,018

Other comprehensive income:

 

 

Items that will not be reclassified to profit or loss

 

 

Exchange differences on translation of foreign operations

 

356

(67)

724

Total comprehensive income for the period attributable to equity holders of the parent

606

124

5,742

Consolidated statement of changes in equity attributable to Equity Holders of the Parent for the period ended 30 September 2024 (unaudited)

Sharecapital

Sharepremium

Mergerreserve

Revaluationreserve

Ownshares

Retainedearnings

Total $'000

Balance at 1 April 2023

1,059

4,406

8,207

1,378

(1,833)

20,319

33,536

Dividends paid

-

-

-

-

-

(1,089)

(1,089)

Purchase of own shares

-

-

-

-

(180)

-

(180)

Settlement of share-based payments

-

-

-

-

382

(384)

(2)

Share-based payment charge

-

-

-

-

-

430

430

Transactions with equity holders

-

-

-

-

202

(1,043)

(841)

Profit for the period

-

-

-

-

-

191

191

Other comprehensive income

  -

-

-

-

-

(66)

(66)

Total comprehensive income

-

-

-

-

-

125

125

Balance at 30 Sept 2023

1,059

4,406

8,207

1,378

(1,631)

19,401

32,820

Dividends paid

-

-

-

-

-

(464)

(464)

Purchase of own shares

-

-

-

-

(1,037)

-

(1,037)

Settlement of share based payments

-

-

-

-

84

(173)

(89)

Share-based payment charge

-

-

-

-

-

459

459

Transactions with equity holders

  -

-

-

-

(953)

(178)

(1,131)

Profit for the period

-

-

-

-

-

4,827

4,827

Other comprehensive income

  -

-

-

-

-

724

724

Total comprehensive income

-

-

-

-

-

5,551

5,551

Balance at 1 April 2024

1,059

4,406

8,207

1,378

(2,584)

24,774

37,240

Dividends paid

-

-

-

-

-

(1,124)

(1,124)

Purchase of own shares

-

-

-

-

(155)

-

(155)

Settlement of share-based payments

-

-

-

-

5

(5)

-

Share-based payment charge

-

-

-

-

-

500

500

Transactions with equity holders

-

-

-

-

(150)

(629)

(779)

Profit for the period

-

-

-

-

-

250

250

Other comprehensive income

-

-

-

-

-

355

355

Total comprehensive income

-

-

-

-

-

605

605

Balance at 30 Sept 2024

1,059

4,406

8,207

1,378

(2,734)

24,750

37,066

 

Consolidated statement of financial position as at 30 September 2024 (unaudited)

30 September

30 September

31 March

2024

2023

2024

 

$'000

$'000

$'000

Non-current assets

 

Goodwill

12,653

11,528

11,929

Other intangible assets

1,497

1,110

1,234

Property, plant and equipment

2,011

638

2,097

Trade and other receivables

299

1,040

294

Deferred tax assets

 

322

278

304

 

 

16,782

14,594

15,858

Current assets

 

 

Inventories

 

338

-

4,661

Trade and other receivables

7

6,428

21,174

10,951

Tax receivables

161

107

115

Cash and cash equivalents

 

25,855

17,881

38,790

 

 

32,782

39,162

54,517

Assets in disposal groups classified as held for sale

 

4,018

3,661

3,788

Total assets

 

53,582

57,417

74,163

Current liabilities

Trade and other payables

8

(2,614)

(8,000)

(10,772)

Tax liabilities

-

-

(1,875)

Deferred income

(11,903)

(11,367)

(22,271)

Lease obligations

(315)

(124)

(253)

 

 

(14,832)

(19,491)

(35,171)

Non-current liabilities

 

 

Lease obligations

(986)

(98)

(1,105)

Deferred income

(118)

(4,507)

(100)

Deferred tax liabilities

(580)

(501)

(547)

 

 

(1,684)

(5,106)

(1,752)

Total liabilities

 

(16,516)

(24,597)

(36,923)

Net assets

 

37,066

32,820

37,240

 

 

 

 

Equity

 

 

 

 

 

Share capital

1,059

1,059

1,059

Share premium account

4,406

4,406

4,406

Merger reserve

8,207

8,207

8,207

Revaluation reserve

1,378

1,378

1,378

Own shares

(2,734)

(1,631)

(2,584)

Retained earnings

24,750

19,401

24,774

Attributable to equity holders of the parent

 

37,066

32,820

37,240

 

 

 

 

 

 

 

Consolidated cash flow statement for the period ended 30 September 2024 (unaudited)

Six months ended30 September

Year ended31 March

2024

2023

2024

 

$'000

$'000

$'000

Operating activity

 

Profit before tax

 

250

172

6,955

Adjustments for:

 

 

Depreciation of property, plant and equipment

287

157

368

Amortisation of intangible assets

127

96

207

Finance income

(692)

(394)

(763)

Finance expense

35

10

22

Share-based payments

645

431

962

Gain on sale of property, plant and equipment

(6)

-

(21)

Operating cash flows before movements in working capital

646

472

7,730

Decrease / (increase) in inventories

4,323

-

(4,662)

Decrease / (increase) in receivables

4,479

(11,720)

(751)

(Decrease) / increase in payables

(18,476)

9,339

18,610

Cash generated (used in) / from operations

 

(9,028)

(1,909)

20,927

Income tax paid

(1,919)

(78)

(166)

Net cash (used in) / generated from operating activities

(10,947)

(1,987)

20,761

 

Investing activities

Interest received

692

394

763

Purchase of property, plant and equipment

(213)

(37)

(517)

Purchase of intangible fixed assets

(82)

(11)

(48)

Capitalisation of development costs

(309)

(199)

(396)

Net cash generated from / (used in) investing activities

 

88

147

(198)

 

Financing activities

 

 

Dividends paid

(1,124)

(1,089)

(1,553)

Lease repayments

(57)

(52)

(126)

Interest paid

(35)

(10)

(22)

Purchase of own shares

(155)

(181)

(1,283)

Exercise of share options

-

(1)

(25)

Net cash used in financing activities

 

(1,371)

(1,333)

(3,009)

 

Net (decrease) / increase in cash and cash equivalents

 

(12,230)

(3,173)

17,554

Cash and cash equivalents at start of period

38,790

21,218

21,218

Effect of foreign exchange on cash and cash equivalents

(715)

(168)

(23)

Effect of translation

10

4

41

Cash and cash equivalents at end of period

 

25,855

17,881

38,790

 

 

 

 

 

 

Notes to the financial statements

 

1. Basis of preparation

These consolidated interim financial statements have been prepared in accordance with International Financial Reporting Standards ("IFRS") as adopted by the UK and on a historical basis, using the accounting policies which are consistent with those set out in the Group's annual report and accounts for the year ended 31 March 2024. The interim financial information for the six months to 30 September 2024, which complies with IAS 34 'Interim Financial Reporting', has been approved by the Board of Directors on 03 December 2024.

The unaudited interim financial information for the period ended 30 September 2024 does not constitute statutory accounts within the meaning of Section 435 of the Companies Act 2006. The comparative figures for the year ended 31 March 2024 are extracted from the statutory financial statements which have been filed with the Registrar of Companies and contain an unqualified audit report and did not contain statements under Section 498 to 502 of the Companies Act 2006.

 

 

2. Change in currency

 

On 9 July 2024 the Group announced that from the beginning of the current financial year it would be changing the currency in which it presents its financial results from UK pounds sterling ("Sterling") to US dollars ("Dollars"). Accordingly, the reported results for the six months ended 30 September 2024 and comparatives are shown in Dollars. A change in presentation currency represents a change in accounting policy which is accounted for retrospectively. At the same time, the UK company changed its functional currency from Sterling to Dollars.

 

 

3. Business and geographical segments

 

The Group operates as a single business with no separation into divisions or allocation or people or assets to a particular division or product group. The management team is responsible for all products with no individual having responsibility for a particular product or product group. This is consistent with the internal reporting for management purposes. Management does however monitor revenues by revenue type due to the differing margins of each revenue type.

 

The revenue analysis set out below is consistent with that provided to the Board of Directors.

 

Business Segments

Six months ended

30 September

Year ended 31 March

2024

2023

2024

 

$'000

$'000

$'000

Licenses

 

3,771

3,138

15,151

Celebrus Cloud Hosting, support and maintenance

 

4,783

4,823

9,478

Services

2,631

1,165

3,060

Software revenues

 

 

11,185

9,126

27,689

Third party products

6,034

7,038

13,197

Revenue

 

17,219

16,164

40,886

 

 

3. Business and geographical segments (continued)

 

 

Geographical information

Six months ended

30 September

Year ended 31 March

2024

2023

2024

 

$'000

$'000

$'000

United States of America

13,586

11,022

31,879

United Kingdom

 

2,501

4,420

7,549

Rest of Europe

 

394

594

1,070

Others

738

128

388

 

 

17,219

16,164

40,886

 

The geographical revenue segment is determined by the domicile of the customer.

 

4. Administration expenses

Six months ended

30 September

Year ended 31 March

2024

2023

2024

 

$'000

$'000

$'000

Operating expenses

7,880

6,222

14,785

Amortisation of intangible assets

 

127

96

206

Share-based payments

 

645

431

962

Net foreign exchange differences

(73)

(582)

(679)

Restructuring costs

89

29

122

Administration expenses

8,668

6,196

15,396

 

 

 

 

 

5. Adjusted profit before tax

Six months ended

30 September

Year ended 31 March

2024

2023

2024

 

$'000

$'000

$'000

Profit before tax

250

172

6,965

Amortisation of intangible assets

 

127

96

206

Share-based payments

 

645

431

962

Net foreign exchange differences

(73)

(582)

(679)

Restructuring costs

89

29

122

Adjusted profit before tax

1,038

146

7,576

 

 

6. Earnings per share

Six months ended30 September

Year ended 31 March

2024

2023

2024

 

$'000

$'000

$'000

Profit attributable to owners of the parent

250

191

5,018

Amortisation of intangible assets

 

127

96

206

Share-based payments

 

645

431

962

Net foreign exchange differences

(73)

(582)

(679)

Restructuring costs

89

29

122

Adjusted profit attributable to owners of the parent 

1,038

165

5,629

 

 

 

 

 

30 September 2024

30 September 2023

31 March

2024

 

Number

Number

Number

Basic weighted average number of shares, excluding own shares, in issue

39,550,296

39,822,702

39,781,184

Dilutive effect of share options

 

1,117,888

1,145,987

1,117,888

Diluted weighted average number of shares, excluding own shares, in issue

40,668,184

40,968,689

 

40,899,072

 

30 September

2024

30 September 2023

Year ended 31 March 2024

 

Cents per share

Cents per share

Cents per share

Basic earnings per share

0.63

0.48

12.61

Diluted earnings per share

 

0.61

0.47

12.27

Adjusted Basic earnings per share

 

2.63

0.41

14.15

Adjusted Diluted earnings per share

2.55

0.40

13.76

 

7. Trade and other receivables

Six months ended

30 September

Year ended 31 March

2024

2023

2024

 

$'000

$'000

$'000

Non-current assets

 

Prepayments

 

299

91

294

Accrued income

 

-

949

-

 

 

299

1040

294

 

Current assets

 

Trade receivables

 

1,022

16,947

7,557

Prepayments

1,747

1,371

2,043

Accrued income

3,659

2,856

1,351

 

 

6,428

21,174

10,951

8. Trade and other payables

Six months ended

30 September

Year ended 31 March

2024

2023

2024

 

$'000

$'000

$'000

Trade payables

 

459

6,498

2,587

Other taxes and social security

 

243

249

236

Other creditors

 

99

261

439

Accruals

1,813

992

7,510

 

 

2,614

8,000

10,772

 

 

9. Dividends (in GBP)

Six months ended

30 September

Year ended 31 March

2024

2023

2024

 

£'000

£'000

£'000

Amounts recognised as distributions to equity holders

Final dividend for the year ended 31 March 2024 of 2.23p (FY23: 2.15p)

 

879

-

-

Final dividend for the year ended 31 March 2023 of 2.15p (FY22: 2.07p)

 

-

856

856

Interim dividend for the year ended 31 March 2024 of 0.92p (FY23: 0.88p)

-

-

365

879

856

1,221

An interim dividend of 0.95p per share will be paid on 17 January 2025 to Members on the Register as at 13 December 2024. The shares will become ex-dividend on 12 December 2024.

 

10. Investor presentation

The investor presentation will be available on the company's investor website https://investors.celebrus.com/ later today.

Bill Bruno (CEO) and Ash Mehta (CFO) will host a live presentation of the results via the Investor Meet Company platform later today at 2.00pm GMT.

Investors can sign up to Investor Meet Company for free and add to meet Celebrus via:

https://www.investormeetcompany.com/celebrus-technologies-plc/register-investor

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